Category: Retirement
Understanding Medicare: When to Enroll and What You Need to Know with Lisa Eppolito (Ep. 6)

Understanding Medicare: When to Enroll and What You Need to Know with Lisa Eppolito (Ep. 6)

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Are you unsure how to navigate the complexities of Medicare and health insurance? 

Learn about the complexities of Medicare and health insurance with expert Lisa Eppolito, making it easier to choose the right plans and avoid costly mistakes

Today on The Compass Wealth Conversations, Brendon Murphy is joined by Lisa Eppolito, a Medicare specialist from Positive Insurance Solutions, to discuss the intricacies of selecting the right Medicare and health insurance plans. You’ll hear valuable insights on how to prepare for retirement by understanding the complexities of Medicare, from initial sign-ups to choosing between various supplemental plans.

Brendon and Lisa discuss: 

  • Why it’s important to sign up for Medicare as soon as you’re eligible and the potential consequences of delaying
  • How to choose the best prescription drug plans based on individual medical needs and budgets
  • Significant upcoming changes to Medicare prescription drug costs set for 2025
  • Tips on navigating healthcare options for individuals under 65, including the benefits of seeking professional advice
  • And more

Join us for these vital tips to ensure you make informed decisions for your health and retirement!

Resources:

Connect with Brendon Murphy: 

Connect with Lisa Eppolito: 

About our Guest: 

Lisa Korab Eppolito of Positive Insurance Solutions is a Medicare and health insurance specialist for people under the age of 65. Lisa is a licensed independent health insurance broker.

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How to Build Your Own Pension: A Guide for Modern Retirees (Ep. 5)

How to Build Your Own Pension: A Guide for Modern Retirees (Ep. 5)

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Pensions may seem like a thing of the past, but you can still create your own secure retirement income.

How can you ensure a stable income in retirement without relying on traditional pensions? What strategies can help you build a reliable financial future?

In this episode, Brendon Murphy discusses the decline of traditional pensions and how individuals can build their own retirement income using modern financial tools. He explains the role of fixed index annuities and other strategies to create a personal pension plan.

Brendon discusses: 

  • The Decline of Traditional Pensions: Why company pensions have become rare and the shift to 401(k) and 403(b) plans
  • Building a Personal Pension: How to use fixed index annuities with guaranteed lifetime income to create a stable retirement income
  • Tax Considerations: The tax implications of rolling over 401(k) funds into annuities and the benefits of using Roth accounts
  • Starting Early vs. Late: Strategies for both early and late starters in building a personal pension
  • Real-Life Examples: Stories of clients who successfully transitioned from company pensions to personal retirement plans
  • And more!

Connect with Brendon Murphy: 

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Building a Strong Financial Team with Brendan McPoyle, CFP®, AEP® (Ep. 4)

Building a Strong Financial Team with Brendan McPoyle, CFP®, AEP® (Ep. 4)

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Creating a robust financial plan can be daunting, but having the right team can make all the difference.

How do you find the right professionals to guide you through retirement planning? How can collaboration between wealth managers and insurance specialists benefit you?

This week, Brendon Murphy sits down with Brendan McPoyle, Partner & Wealth Manager at Princeton Global Asset Management. Together, they explore the power of their collaborative approach to wealth management and insurance, focusing on providing holistic and customized financial solutions to clients. You’ll hear about their unique partnership, their comprehensive services, and how they help clients navigate their finances with ease.

Together, they discuss: 

  • Brendan McPoyle’s journey and his collaboration with Compass Financial Solutions
  • How personalized financial planning can address specific client needs and goals
  • The importance of having a professional team for holistic wealth and health management
  • Real-life client stories illustrating the benefits of their services
  • And more!

Connect with Brendon Murphy: 

Connect with Brendan McPoyle: 

About our Guest: 

Brendan McPoyle works with business owners, high-net-worth individuals, and hard-working professionals across the United States. With 20 years of experience in developing inclusive financial plans and comprehensive financial strategies, he has helped individuals and families visualize their dreams and plan for financial retirement success.

His collaborative and comprehensive wealth management approach leverages the talents and knowledge of the Princeton Global team and each client’s trusted advisors to help increase and protect financial assets, build and secure assets for retirement, and achieve financial security and independence.

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6 Major Risks to Your Retirement and How to Address Them (Ep. 3)

6 Major Risks to Your Retirement and How to Address Them (Ep. 3)

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Retirement planning is crucial, but it comes with its own set of challenges and uncertainties.

How do you ensure your assets last as long as you do? What happens if the market crashes right before you retire?

This week on Compass Wealth Conversations, Brendon Murphy breaks down the top six risks every retiree or pre-retiree needs to consider to ensure a secure and prosperous retirement. 

Brendon provides valuable insights and actionable advice on how to navigate these challenges effectively, drawing on years of experience in helping clients plan for their financial futures.

Brendon discusses: 

  • Longevity: The challenge of outliving your financial assets and the importance of planning for a long retirement
  • Mortality: The impact of a spouse’s death on Social Security benefits and the need for additional income sources
  • Market Volatility: The risks of market downturns and strategies to protect retirement savings
  • Liquidity: The necessity of having accessible funds for emergencies and unexpected expenses
  • Inflation: How rising costs can erode purchasing power and ways to hedge against inflation
  • National Debt: The implications of national debt on taxes and retirement planning
  • And more!

Connect with Brendon Murphy: 

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Long-term Care: Why Early Planning is Your Game-Winning Strategy (Ep. 2)

Long-term Care: Why Early Planning is Your Game-Winning Strategy (Ep. 2)

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Planning for long-term care may not be as exciting as planning your next pickleball game, but it’s crucial for your financial security and peace of mind.

How do you ensure you’re prepared for the future? What are the best strategies to leverage your assets for long-term care?

This week on The Compass Wealth Conversations Podcast, Brendon Murphy dives into the fundamentals of long-term care, addressing why it’s a critical component of your financial planning. He sheds light on the various forms of long-term care, misconceptions, cost considerations, and the importance of early planning to secure your future comfort and peace of mind.

Brendon discusses: 

  • Understanding the different types of long-term care available today
  • The impact of long-term care costs on personal savings and assets
  • Common misconceptions about Medicaid and Medicare coverage
  • The benefits of starting long-term care planning early
  • And more!

Connect with Brendon Murphy: 

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The Compass Financial Approach to Retirement (Ep. 1)

The Compass Financial Approach to Retirement (Ep. 1)

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Are you ready to turn financial uncertainty into a secure retirement?

Welcome to The Compass Wealth Conversations Podcast with Brendon Murphy! 

In this inaugural episode, Brendon dives deep into the crucial topic of establishing reliable income streams for retirement by leveraging life insurance products. 

He shares his unique journey from the restaurant industry to financial services, highlighting the invaluable role of conversations in understanding clients’ needs and tailoring financial plans to meet their goals. 

Whether you’re a young professional or nearing retirement, this podcast will offer a wealth of insights into creating a stable financial future.

Brendon discusses: 

  • Brendon’s transition from the service industry to financial services
  • The importance of comprehensive retirement planning
  • Utilizing life insurance for income generation
  • Building a network of professionals to address all aspects of retirement
  • And more!

Connect with Brendon Murphy: 

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